Dr. Reddy's Laboratories to Acquire Nimbus Health GmbH

February 22, 2022

Dr. Reddy's Laboratories has entered into a definitive agreement to acquire German medical cannabis pioneer Nimbus Health GmbH. The acquisition will be completed for an upfront payment plus performance and milestone-based earn-outs, with Nimbus Health operating as a wholly owned subsidiary of Dr. Reddy's under its existing brand.

Buyers
Dr. Reddy's Laboratories Ltd.
Targets
Nimbus Health GmbH, Nimbus Health
Sellers
Founders and shareholders of Nimbus Health (advised by Stout)
Location
Germany
Transaction Type
Buyout

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